Co-state variables...

Charles Brown charlesb at CNCL.ci.detroit.mi.us
Thu May 14 12:29:27 PDT 1998


But they produced surplus labor which was treated as value in the capitalist market, and that value was more than the cost of the slave.

Charles Brown


>>> Brad De Long <delong at econ.Berkeley.EDU> 05/14 10:51 AM >>>
>In a message dated 98-05-13 17:30:55 EDT, you write:
>
><< "A society is rich when material goods, including capital, are cheap, and
> human beings dear." -- R.H. Tawney. >>
>
>Hmm. This perfectly describes early-19th-century US -- if you overlook the
>human beings held as chattel slaves in the South or those slated for
>extermination in West....
>
>Dan Lazare

No, you don't have to overlook the human beings held as chattel slaves. They were *expensive*!

Brad DeLong



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